Insight

Switzerland has ratified the Paris Agreement on climate change and adopted a range of regulations to implement it. Those particularly relevant to business are the Federal Act on Climate Protection Goals, Innovation and Strengthening Energy Security (Climate and Innovation Act, CIA), the Federal Act on the Reduction of CO2 Emissions (CO2 Act) and the Ordinance on Climate Disclosures. It remains to be seen whether the existing regulations will have the desired effect. From the banks’ point of view, it is essential to work towards congruent solutions.